Balancing Segments Preferences

When the Balancing Segments feature is enabled, the Accounting Preferences page includes a Balancing Segments subtab with the following:

A General group which includes all general preferences for the Balancing Segments feature:
- Payments Use Transaction Line Segmentation — For more information, see Transaction Line Segmentation on Payment Transactions.
- Enable Intersegment Elimination — For more information, see Reversing Balancing Segment Intersegment Lines.
- Update the Balancing Journal on Process Re-Run – When you check this box, NetSuite updates balancing journals when the balancing by segments process is re-run. When you clear this box, NetSuite deletes the journals in the period being balanced and creates new balancing journals to replace them.

A Default Accounts group which includes fields to select Intersegment Due To, Due From, and Cash accounts:

Field	Description
Default Intersegment Due To Account	The general ledger account used by default as a clearing account for payables to balance transactions by segment.
Default Intersegment Due From Account	The general ledger account used by default as a clearing account for receivables to balance transactions by segment.
Default Intersegment Cash Account	If you use the Enable Intersegment Elimination preference, select an intersegment cash account. NetSuite adjusts payments using balancing journals and this account. When you run the balancing by segments process, NetSuite creates balancing journal lines which use the cash adjustment account or accounts to break down the payment by the line segments on the paid transaction. For more information, see Transaction Line Segmentation on Payment Transactions

Field

Description

Default Intersegment Due To Account

The general ledger account used by default as a clearing account for payables to balance transactions by segment.

Default Intersegment Due From Account

The general ledger account used by default as a clearing account for receivables to balance transactions by segment.

Default Intersegment Cash Account

If you use the Enable Intersegment Elimination preference, select an intersegment cash account. NetSuite adjusts payments using balancing journals and this account. When you run the balancing by segments process, NetSuite creates balancing journal lines which use the cash adjustment account or accounts to break down the payment by the line segments on the paid transaction.

For more information, see Transaction Line Segmentation on Payment Transactions

Segments subtab
- In the Balancing Segment field, select an existing custom segment to use as a balancing segment. The custom segment must be GL impacting. For more information, see Creating a Balancing Segment.
- If you are using the Enable Intersegment Elimination preference, select an Elimination Value within the segment which NetSuite will use to reverse any auto-balancing lines. For more information, see Reversing Balancing Segment Intersegment Lines.
Accounts subtab

Select transaction posting, due to, due from, and cash accounts for specific transaction types.

For more information about this subtab, see Configuring Intersegment Accounts.

General Notices